Financial Assistance Programs
Stafford County, Virginia prides itself as being one of the most competitive locations in the Commonwealth for operating a business. No BPOL tax or license requirement, affordable operating costs, and a business-friendly tax structure are only a few of the amenities that separate Stafford from others in the region. Below, you will find additional information on both Stafford and Virginia financing programs.
A variety of incentives are available on a case-by-case basis for qualifying companies. Please contact Stafford County Economic Development to provide details about your proposed project and obtain more information: (540) 658-8681.
Grants & Financing
Designed to help existing Stafford companies improve their web presence, this matching funds grant is provided through the Stafford County Economic Development Authority.
Industrial Revenue Bonds
The Stafford Economic Development Authority can provide low-cost, tax-exempt financing for qualifying manufacturing projects and 501(C)(3) entities. To find out if your project is eligible or to obtain an EDA Bond Application, please contact the Economic Development Office at (540) 658-8681 or firstname.lastname@example.org. Applications and information about EDA bonds are also available here.
Rappahannock Economic Development Corporation (REDCO504)
The Rappahannock Economic Development Corporation is a regional Certified Development Company and licensed non-profit offering long-term, fixed rate financing for major fixed assets.
Virginia Small Business Financing Authority (VSBFA)
The Virginia Small Business Financing Authority is the State's economic development financing arm, providing debt financing assistance to Virginia’s established existing businesses, its entrepreneurs, and related expansions. No grants are available through the VSBFA; however, the VSBFA's portfolio of financing programs offer:
- Bond Financing – for small manufacturers & 501 (c)(3) non-profits
- Economic Development Loan Fund (EDLF)
- Loan Guaranty Program
- P.A.C.E. Program (Providing Access to Capital for Entrepreneurs) – for minority-owned businesses
- Childcare Financing Program – for licensed child care centers and family-home care providers
Virginia Economic Development Partnership (VEDP)
The Virginia Economic Development Partnership, the agency tasked with attracting and retaining companies for the benefit of the Commonwealth, provides the Guide to Business Incentives each year. The guide includes information on one of Virginia’s most active and successful incentive programs, the Virginia Jobs Investment Program (VJIP). The program is available to both new and expanding businesses to support companies creating new jobs in Virginia, including recruiting, training and retraining assistance. Contact the Stafford Economic Development Office for information regarding programs and resources available to the Stafford business community.
Technology Zone Incentive
In January 2010, the Stafford County Board of Supervisors established the County’s first Technology Zone, incorporating a large portion of Stafford’s primary business areas within the zone boundaries. Under the Technology Zone program, companies involved with technology-related operations that meet qualifying capital investment and job creation requirements may be eligible for expedited review processes, permit fee waivers, and tax relief. For more information, click here.
“I chose to relocate to Stafford County in 1987 because of its proximity to Washington and Richmond and the opportunities it held to start and grow a business. I opened Stafford Printing, bought a home in Falmouth and, 25 years later, I’ve never regretted either decision. Stafford County is a wonderful place to live and the business climate is second to none in the region. But it’s the people who make Stafford County the place to live and work in the area. Stafford County is more of a community than just a place on the map.“
Howard Owen, President